Real estate investment trust UMH Properties recently acquired Northtowne Meadows, a community of 386 manufactured homes in Erie, Michigan, from local investor The Choice Group for $25.2 million, or approximately $65,000 per homesite. The 85-acre community at 6255 Telegraph Road was approximately 88% occupied at the time of sale.
UMH Properties Completes Michigan Manufactured Home Acquisition
The Choice Group Sells 386 Developed Homesites in $25.2 Million Deal
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IN THIS ARTICLE
- Properties
- Northtowne Meadows
6255 Telegraph Rd, Erie, MI
- Contacts
- Samuel Landy
President & Chief Executive Officer, UMH Properties, Inc.